UK stock market turns cautious on talks of increase in sanctions on Russia

3 min read | April 06, 2022 02:05 AM AEST | By Rishika Raina

UK Market: The UK stock market was showing a volatile trade on Tuesday, with the blue-chip FTSE100 index turning flat in the last leg of the trade. The market participants showed some restraint on talks of the potential increase in sanctions on Russia. The FTSE 100 index has lately been going through a roller coaster ride due to the impact of the Russia-Ukraine war, though oil and commodity stocks have been supporting the markets.

Croda International plc (LON: CRDA): The leading speciality chemicals firm was up by 3.45%, with a day’s high of GBX 8,024.00, after the company announced that the UK Government has provided it with a grant worth £15.9 million for its expansion of manufacturing facility in Leek, Staffordshire.

Dechra Pharmaceuticals plc (LON: DPH): The specialist veterinary pharmaceuticals firm was up by 2.27%, with a day’s high of GBX 4,236.00. Dechra Pharmaceuticals’ shares have extended the gains for the second consecutive day.

Airtel Africa plc (LON: AAF): The telecommunications company’s share was down by 3.61%, with a day’s low of GBX 138.80, after it made an announcement regarding the adoption of regulatory SIM card measures at its Nigeria telecommunications unit. The financial consequences of this step are still not clear, but the company said that it would support its impacted customers to fulfil all registration conditions.

US Markets: The US market is likely to have a cautious start, as suggested by the futures indices. S&P 500 future was down by 9 points or 0.20% at 4,568.75, while the Dow Jones 30 future was down by 0.22% or 77 points at 34,740. The technology-heavy index Nasdaq Composite future was down by 0.33% or 50 points at 15,115.50 (At the time of writing – 9:34 AM ET).

US Market News:

The shares of social network company, Twitter (TWTR), were up by 1.5% in premarket trading after Tesla CEO Elon Musk bought a 9.2% stake in the company. Twitter shares had soared by 27.1% on Monday.

Shares of the international cruise line, Carnival (CCL), were up by 3.6% in premarket trading after the company announced that the week from 28 March through 3 April was the busiest period in the history of the company’s new cruise bookings.

European Indices Performance (at the time of writing):

European Indices Performance

FTSE 100 Index One Year Performance (as on 05 April 2022)

1 Year FTSE 100 Chart

(Source: EODHD/Others)

Top 3 Volume Stocks in FTSE 100*: Lloyds Banking Group plc (LLOY), Barclays Plc (BARC), Vodafone Group Plc (VOD),

Top 3 Sectors traded in green*: Utilities (2.18), Real Estate (1.31%), Healthcare (0.45%).

Top 3 Sectors traded in red*: Consumer Non-Cyclicals (-0.44%), Consumer Cyclicals (-0.29%) Real Estate (0.44%)

London Stock Exchange: Stocks Performance (at the time of writing)

Stock Performance On LSE

Crude Oil Future Prices*: Brent future crude oil (future) price and WTI crude oil (future) price were hovering at $107.62/barrel and $103.14/barrel, respectively.

Gold Price*: Gold price was quoted at US$ 1,944.80 per ounce, up by 0.56% against the prior day’s closing.

Currency Rates*: GBP to USD: 1.3150; EUR to USD: 1.0962.

Bond Yields*: US 10-Year Treasury yield: 2.484%; UK 10-Year Government Bond yield: 1.6490%.

*At the time of writing


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